(Reuters] – Stellantis NV, Samsung (KS-) SDI announced Tuesday that they would build a new Indiana-based battery plant. This announcement comes as Chrysler-parent plans to ramp up production of electric vehicles.

They formed a joint venture to produce lithium-ion batteries in North America. The plant would be operational in 2025. It was expected to begin production by 2025.

Monday’s comment was not made by the companies.